Tag: Corporate Transparency Act Beneficial Ownership Requirements

In 2021, Congress passed a law to increase transparency concerning individuals that control organizations and corporate entities (the Corporate Transparency Act  or “CTA”). Beginning January 1st, 2024, under a new Financial Crimes Enforcement Network (“FinCEN”) rule, entities – including tax exempt entities – must disclose information related to the entity itself AND directors and officers. … Continue reading Corporate Transparency Act Beneficial Ownership Requirements